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  • GBP/USD: Break below 1.34 to clear the way for a major fall to 1.30 - Scotiabank
Ekonomické zprávy
05.11.2021

GBP/USD: Break below 1.34 to clear the way for a major fall to 1.30 - Scotiabank

FXStreet reports that economists at Scotiabank expect GBP/USD to drop substantially towards the 1.30 level once below the 1.34 mark.

“Cable is on track to test the 1.34 mark to a new low since last December amid sharp selling since its failed to push above 1.38 last week.” 

“Beyond 1.34, there are no obvious support markers for the GBP until the 1.30 zone aside from its 100 and 200-week MAs at 1.3282 and 1.3167, respectively.”

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